Inflation that has reached almost 55% over the past 12 months could hurt President Mauricio Macri's re-election hopes in October
17 April 2019 - 21:45An employee marks the price on a food product in a small shop in Buenos Aires, Argentina, April 16 2019. Picture: JUAN MABROMATA/AFPArgentina's President Mauricio Macri announced a freeze in the price of basic goods and public services on Wednesday in a bid to limit the impact of spiralling inflation that could hamper his re-election hopes in October.
Added to that, it has agreed with businesses to a freeze on the prices of 60 basic products, including meat, for at least six months. "Given the exchange rate has started to stabilise, we think the time has come to offer a bit of relief to Argentines, who have made so many efforts these last few months that have been so difficult for everyone," said a government statement.
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